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Copper COT Positioning Reaches a Record

Copper COT Positioning Reaches a Record

Jamie Saettele, CMT, Sr. Technical Strategist
  • In line with recent range action, EUR and USD positioning are neutral
  • Yen positioning is nearing May extreme
  • Copper positioning is the most extreme on record (specs-commercials)

View COT data in MT4

Latest CFTC Release dated November 19, 2013:

Week (Data for Tuesdays)

52 week Percentile / Comment (if applicable)

US Dollar

51

Euro

51 – commercials flipped to long

British Pound

69 – commercials flipped to short

Australian Dollar

33

Japanese Yen

0

Canadian Dollar

53

Swiss Franc

63

Mexican Peso

24

Gold

14

Silver

31

Copper

0

Crude

75

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar

Copper_COT_Positioning_Reaches_a_Record_body_usd.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Euro

Copper_COT_Positioning_Reaches_a_Record_body_eur.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

British Pound

Copper_COT_Positioning_Reaches_a_Record_body_GBP.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Australian Dollar

Copper_COT_Positioning_Reaches_a_Record_body_AUD.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Japanese Yen

Copper_COT_Positioning_Reaches_a_Record_body_JPY.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Canadian Dollar

Copper_COT_Positioning_Reaches_a_Record_body_cad.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Swiss Franc

Copper_COT_Positioning_Reaches_a_Record_body_chf.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Mexican Peso

Copper_COT_Positioning_Reaches_a_Record_body_mxn.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Gold

Copper_COT_Positioning_Reaches_a_Record_body_gold.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Silver

Copper_COT_Positioning_Reaches_a_Record_body_silver.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Copper

Copper_COT_Positioning_Reaches_a_Record_body_copper.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

Crude

Copper_COT_Positioning_Reaches_a_Record_body_crude.png, Copper COT Positioning Reaches a Record

Chart prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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